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Northern Kentucky June Home Sales Up 6 Percent

June was a strong month for Northern Kentucky home sales with a 6% increase as compared to June 2013.

June 2014 versus June 2013

6.02% Increase in units sold (599 vs 565)

6.88% Increase in sales volume

.81% Increase in average sold price ($163,510 vs $162,192)

-2.4% Decrease in median sold price ($142,500 vs $146,000)

January – June 2014 versus January – June 2013

1.27% Increase in units sold (2,801 vs 2,766)

-0.06% Decrease in sales volume

-1.31% Decrease in average sold price ($152,349 vs $154,375)

-1.85% Decrease in median sold price ($132,500 vs $135,000)

The number of new listings has risen each month in 2014 with 2,806 current active listings. Although listing inventory is down as compared to prior years, the smaller number of homes available for sale has driven average selling prices higher.